Education Management Stock Gaps Down On Today's Open (EDMC)
Shares of Education Management Corporation (Nasdaq:EDMC) were gapping down Thursday morning with an open price 15.6% lower than Wednesday's closing price. The stock closed at $25.60 yesterday and opened today's trading at $21.60.
NEW YORK ( TheStreet) -- Shares of Education Management Corporation (Nasdaq: EDMC) were gapping down Thursday morning with an open price 15.6% lower than Wednesday's closing price. The stock closed at $25.60 Wednesday and opened today's trading at $21.60. The average volume for Education Management has been 239,500 shares per day over the past 30 days. Education Management has a market cap of $3.25 billion and is part of the services sector and diversified services industry. Shares are down 8.5% year to date as of the close of trading on Wednesday. Education Management Corporation provides post-secondary education in North America. The company has a P/E ratio of 15.8, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Education Management as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Education Management Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.
After meteoric growth in the '90s, for-profit colleges have come under intense government scrutiny that's sent shock waves through the industry. Just ask Corinthian College, Education Management and Career Education.